The Following Direct Labor Data Pertain to the Operations of Murray

Essay

The following direct labor data pertain to the operations of Murray Industries for the month of November: $\begin{array}{ll}\text { Standard labor rate } &&\$ 15.00 \text { per hr. }\\\text { Actual hours incurred }& 9,000 \\\end{array}$ The standard cost card shows that 2.5 hours are required to complete one unit of product. The actual labor rate incurred exceeded the standard rate by 10%. Four thousand units were manufactured in November.
Instructions
(a) Calculate the price quantity and total labor variances.
(b) Journalize the entries to record the labor variances.